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Cost of acquisition of house couldn’t be reduced on basis of wealth tax return which AO had at assessment stage
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Corporate Tax
Cost of acquisition of house couldn’t be reduced on basis of wealth tax return which AO had at assessment stage
Posted on
on
November 7, 2016
tenet-tax-daily-september-06-2016
By
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Corporate Tax
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It couldn’t be said that AO didn’t form his opinion just because he accepted claim without giving any reasons
Reassessment could be made if investigation wing revealed bogus entries provided by entry operators
